Abstract: A cylindrical receptacle for holding a winding of sheet material with a hollow core such as toilet paper or paper towels has a central fixed guide member, a sliding guide member, retainers to keep the sliding guide member from disengaging the fixed guide member and to keep the winding from sliding off the sliding guide member and a cap to close the open end of the cylindrical receptacle. The joining of the cap and receptacle body can be made water proof to keep the contents dry. A hanger can be attached to the closed end of the cylindrical receptacle so that the open end hangs downward allowing the paper roll to slide out of the cylinder, yet be retained by the sliding member and retainer in such a manner as to allow easy unrolling of the paper roll.